Monthly Briefing on the World Economic Situation and Prospects, No. 3

December 2008

Summary:?

The world is now mired in the most severe financial crisis since the Great Depression. According to the United Nations baseline forecast, world gross product (WGP) is expected to grow by only 1.0 per cent in 2009, a sharp deceleration from the 2.5 per cent growth estimated for 2008 and well below the more robust growth in previous years. Given world population growth of 1.2 per cent, this means income per capita for the world as a whole is expected to decline in 2009.

Note:

This edition of the Monthly Briefing presents the highlights of the global economic outlook as in chapter one of the?
World Economic Situation and Prospects 2009, which was launched on 1 December 2008 in Doha, Qatar.

Download the World Economic Situation and Prospects Monthly Briefing No. 3